prior approval
Definition
Prior approval means you must get permission from someone before you take a specific action, rather than just notifying them afterward. This requirement shows up in contracts, insurance policies, government regulations, and landlord agreements, where one party holds the power to say yes or no before you move forward.
Example
Your commercial lease might require prior approval from your landlord before you hang a sign on the building, meaning you cannot put up the sign first and ask forgiveness later.
Watch Out
Skipping a required prior approval, even accidentally, can void your insurance coverage, breach your contract, or expose you to fines, so always read your agreements carefully to spot these requirements before you act.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.